Will A Flexible Work Week Kill The 9-To-5?
According to a new study by Bentley University examining millennials in the workplace, 77% of Millennials say that flexible work arrangements would make the workplace more productive for people in their age group. With their comfort with digital technology allowing them to work anytime and anywhere, this revelation hardly comes as a surprise. As the Millennial generation becomes the majority of the workforce, we can expect flex time and telecommuting to become a common workplace practice rather than a special privilege. In fact, it's estimated by around 2030, the Millennial majority will likely have put an end to the 9-to-5 workday entirely. No way you say? Well, here are four reasons why Millennials will insist that flex-work hours happen sooner rather than later.
4 Reasons Why Flexible Work Arrangements Make Sense.
1. Work-Life Balance
It's becoming increasingly clear that work doesn’t define Millennials as much as it does older generations. Demands on Millennials’ personal time are bound to increase as they balance work commitments with raising young children. And, as they are closely connected to their parents, they are likely to be personally involved in caring for them as they age. Given this, employers are adjusting to help employees achieve work-life balance by instituting policies, procedures, actions, and expectations that enable them to pursue more balanced lives, such as flexible work schedules, paid time off, and company-sponsored family events and activities. The trade-off, of course, is catching up on email later at night or completing a project on a weekend morning to make up the time, but that’s a trade-off that most Millennials are fine with making.
2. Continuing Skills Education
According to research conducted by The Hartford, 50% of Millennials desire training and development from their employer. And companies are listening. In addition, many companies are meeting the Millennial desire for “experience-hopping” through rotational programs that allow them to rotate out of different areas of a company. General Electric rotation program is a great example, which lets young employees experience various job functions within GE, such as finance, sales, manufacturing, and engineering.In any case, Millennials will be spending plenty of time taking classes and working additional jobs to acquire various skills, and this undertaking is bound to take place during the classic workday.
3. The Disappearing Corporate Office
By 2030, professionals will work mostly from home on blazingly fast connected data terminals. Most companies will have eschewed their physical office locations in favor of interconnected hubs with different plans for individuals to access space. Meetings will routinely be virtual and across geographies and time zones, making air travel to visit clients or partners less mandatory. And if the office is no longer mandatory—why are 9-5 office hours?
4. The Company’s Bottom Line
The fact is Millennials are correct—flexible work hours do make employees more productive. Research by Stanford professor Nicholas Bloom has proved this out. Working remotely increases productivity, overall work hours, and employee satisfaction. Over a nine-month period, Bloom observed 250 employees at Ctrip, a Chinese travel website. While half of the employees worked from home, the other half worked in the office. Turns out, removing the physical commute to and from work and in-office distractions made a significant difference: The telecommuters completed 13.5% more calls than the office workers, performed 10% more work overall, left for greener pastures at half the rate of people who went into the office, reported feeling more fulfilled at work, and saved the company $1,900 per employee.
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